hackUST 2022 | powered by Nan Fung Group

Environmental, social, and governance (ESG) criteria are an increasingly popular way for investors (or public members) to evaluate companies in which they might want to invest (or support). Environmental criteria consider how a company performs as a steward of nature. Social criteria consider how it manages relationships with employees, suppliers, customers, and the communities where it operates. Governance deals with a company’s leadership, compliance to legal requirements and avoidance of conflict of interests etc.,
ESG can be a challenge for both management and investors, many companies (including some of the Sponsors of the hackUST 2022) are trying to ensure they are running themselves (and their clients) responsibly and use EGS to identify risks and opportunities. Some of them are also ambitious to be a global industry leader in ESG.

Your goal is to develop a proposition on how we can easily track and manage ESG activities and events and to drive actionable intelligence to make a positive impact to our communities.

Information overflow and memory can be funny things. While we receive much information from various sources, sometimes we could recall seeing things we’ve never actually seen. Other times, we complain that we have a terrible memory when we can’t remember a name or some piece of trivia that we knew at some point. It is no wonder, considering the vast amounts of data and information we are subjected to on a daily basis. Not to mention the use of technology – including social media – has made us forgetful.

Imagine you find yourself in a fashion boutique, about to buy a nice dress (or jacket) for a date. You’ve spent some time comparing the style and material as well as the price. In fact, your brain is filled to the brim with specifications and wish lists. Brand A is a strong contender since it has a unique design by a designer you always admire. However, you can’t quite recall if you have seen it somewhere, in physical or online shops, at lower (or higher) costs. You also could not recall if this matches well with the skirt (or pants) that you have brought a few weeks ago and if you have enough space in your wardrobe. As a habit, you have decided to bring it home, preparing to spend more money and throw away other clothes for space needed should there is not enough space in your wardrobe.
One of the issues arising now is overspending for goods and services that might not be actually needed or suitable as originally expected. Disposal of the goods and services is a challenge but also an opportunity – landfill overload, increased transportation and logistics costs, storage in an already packed living environment, and so on.

You are to prepare and develop a new and creative solution with anything feasible and implementable (even with NFT or metaverse solution) that brings and creates smart shopping and spending experience to individuals, manufacturers, retailers, or the society as a whole in light of the situation described above.

It becomes easily accessible for people to seek new skills and knowledge via mobile applications or online tools in the current digital era. Those skills and knowledge are likely general skills & knowledge, but not expert knowledge (e.g., problem-solving capability). Expert knowledge is necessary as we live in a knowledge society powered by innovation, by technology in a rapidly changing environment. A future workplace requires a sustainable and effective solution to retain and continuously formalize, structure, expand and refine expert knowledge.
The current technology solution/ platform only provides a one-way knowledge transfer solution. It lacks an iterative learning process to internalize and enhance expert knowledge. A completed learning cycle and the feedback loops are unable to be imitated and reinforced, like human-to-human teaching/ training/ coaching or apprenticeship, etc.

Can you come up with any possible, sustainable, effective solutions to transform the expert knowledge in the society or workplace to learn interactively and continuously with feedback loops so that the knowledge can be further consolidated, and we can maintain sustainable learning in long-term?

Everyone welcomes healthier, longer, and better lives. This is especially beneficial to long-term development of a society and the world if we can have viable solutions for individuals and corporations that lead to Healthier, Long, Better Lives (HLBL). The key to ensuring this vision is to facilitate the accessibility of health information that can be easily obtained and managed. How can we leverage the latest digital, AI, and IoT tools available to drive increased awareness of health risk factors, and how this can be driven across a wide audience in our communities?

Please generate new and innovative ideas to drive HLBL to a wider audience and provide tools/applications to increase awareness of health that will increase acceptance and demand for health insurance.

Corporates continue to thrive to build a Technology, Digital, and Analytics (TDA) organisation to provide their customers & agents with the best-in-class insurance digital experience. How can we build for the future in the world of Web 3.0 where corporates can seamlessly engage with their customers and enable new immersive experiences around health and wellness, leading them to Healthier, Longer, and Better Lives (HLBL).

Question: Your team is to generate new and innovative ideas (even with NFT or metaverse solution) from the hackathon to create a new insurance experience for both customers and agents in the new Web 3.0 ecosystem with an aim to increase engagement between customers and agents and most importantly building one digital O2O community that is beyond today’s insurance.

 

Social entrepreneurship is an approach by individuals, groups, start-up companies, or entrepreneurs, in which they develop, fund, and implement solutions to address social, cultural, or environmental issues. Social entrepreneurship has become an important economic phenomenon on a global scale and involves the deployment of new business models that address basic human and societal needs.
At HKUST, we promote “Social Entrepreneurship” with “i. Innovation; ii. Technology; & iii. Entrepreneurship” as a “new” model to support and develop a more sustainable startup business for worthy social good initiatives that otherwise may face operational difficulties due to lack of financial resources. It has successfully turned social & sustainability projects into “social entrepreneurship” development which could operate and grow like a startup but at the same time create additional and positive values to the society and community.

Your team is to develop an innovative solution to address any social challenge facing the society or a community in the society with an aim to bring positive value to a target group and a self-sustainable business.